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Restaurant

Wendy's

10921 Virginia Pkwy, McKinney, TX 75071

Listing Price: $2,736,842

Cap Rate
4.75%
Tenant Name
SRRG Restaurants LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.00

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Wendy's located at 10921 Virginia Pkwy in McKinney, TX.

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
  • Corporate Guaranty: The lease will carry a corporate guaranty from Stonewall Road Restaurant Group
  • Attractive Rental Increases: The lease will feature 10.00% rental increases every five years that will continue through the base term and into the four, five-year tenant renewal option periods.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $2,736,842

Cap Rate
4.75%
Tenant Name
SRRG Restaurants LLC
Years Remaining On Lease
19.9
Guarantor
Franchisee Guarantee
Rentable SF
2,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$52.00

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
  • Corporate Guaranty: The lease will carry a corporate guaranty from Stonewall Road Restaurant Group
  • Attractive Rental Increases: The lease will feature 10.00% rental increases every five years that will continue through the base term and into the four, five-year tenant renewal option periods.

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Wendy's located at 10921 Virginia Pkwy in McKinney, TX.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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